Here are both sides of the $15 minimum wage debate

Share this & earn $10
CNBC Television
Published at : 23 Jan 2021
8886 views
101
14

President Joe Biden is expected to sign an executive order directing federal agencies to "develop recommendations" to raise the minimum wage of federal workers to $15 an hour and eventually include private contracts who do work for the federal government. CNBC's Steve Liesman reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

With Joe Biden’s inauguration as president of the United States, the country is perhaps closer than ever to a $15 federal minimum wage.

In a speech last week, Biden outlined his $1.9 trillion American Rescue Plan, which will send aid to those hit hardest by the coronavirus pandemic. Under the plan, Biden will call on Congress to raise the federal minimum wage to $15 per hour from the current $7.25. The federal minimum wage has not been increased since 2009.

While boosting the federal minimum wage to $15 is popular among some lawmakers, activists and consumers, it still faces a lot of opposition to becoming law.

In 2019, the U.S. House of Representatives passed the Raise the Minimum Wage Act, which would have incrementally increased the hourly wage each year, reaching $15 in 2025. But then-Senate Majority Leader Mitch McConnell, R-Ky., blocked it.

Even though Democrats now have a slim majority in both the House and the Senate, it’s not a given that Congress will be able to pass it as proposed, and the $15 wage is a sticking point for a number of lawmakers.

“If the federal government mandates a universal $15 minimum wage, many low-income Americans will lose their current jobs and find fewer job opportunities in the future,” said Sen. Pat Toomey, R-Pa., in a Friday statement.

Can a $15 minimum wage be passed via reconciliation?

Democrats could potentially use budget reconciliation, a legislative tool, to pass the bill by a simple majority and avoid a Republican filibuster. Sen. Elizabeth Warren, D-Mass., on Friday seemed to reference using reconciliation to pass a $15 minimum wage.

“If the Republicans want to drag their feet while working families struggle, the Democratic majority should use every legislative tool available to pass it,” she tweeted.

To be eligible for reconciliation in the Senate, policies must be tied to the budget and impact outlays and revenue — they can’t be incidental. Democrats could potentially argue that a higher federal minimum wage does have a direct effect on the budget, but it’s unclear if that will work or if that’s the route they will take, said Sarah Binder, a political scientist at George Washington University and the Brookings Institution.

“There’s an outside chance you could do it through reconciliation, but I think what I take away from this is, in fact, you need a supermajority and Republican support to get this done,” she said.

Democrats could decide to take the $15 minimum wage provision out of any bill they may pass through reconciliation and attempt to pass it as a stand-alone or with other legislation. If they do that, however, they’d need all 50 Senate Democrats to agree on the legislation and votes from at least 10 Republican senators, said Steven Smith, a political science professor at Washington University in St. Louis.

That’s unlikely, he said.

“The Senate Republicans are a pretty conservative lot,” he said. “Once you get beyond three or four of them, you probably can’t find votes for it.”

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

https://www.cnbc.com/select/best-credit-cards/

#CNBC
#CNBCTV
Squawk Box U.S.CNBCbusiness news

What Team Avatar Sees On Top Of Appa

What Team Avatar Sees On Top Of Appa

They Come in All Sizes

They Come in All Sizes

Gay couples from around Mexico come to be legally married

Gay couples from around Mexico come to be legally married

Inquisitive Meaning

Inquisitive Meaning

My Name Song | CoComelon Nursery Rhymes & Kids Songs

My Name Song | CoComelon Nursery Rhymes & Kids Songs

Chronixx - Black is Beautiful [OFFICIAL AUDIO] | Chronology

Chronixx - Black is Beautiful [OFFICIAL AUDIO] | Chronology

FIRST FLIGHT SINCE THE PLANE CRASH

FIRST FLIGHT SINCE THE PLANE CRASH

"You really don't have interest in me" seulrene ft. the members' reactions

"You really don't have interest in me" seulrene ft. the members' reactions

I Became a Superheroes and Help My Friends

I Became a Superheroes and Help My Friends

How to Chop Parsley Like a Real Chef - Mincing Parsley

How to Chop Parsley Like a Real Chef - Mincing Parsley

Why Neutral wire don't give Electric Shock in hindi - Electrical Interview Question

Why Neutral wire don't give Electric Shock in hindi - Electrical Interview Question

Top 100 Songs from the '70s, '80s, '90s & '00s

Top 100 Songs from the '70s, '80s, '90s & '00s

Extra Hepatic Biliary Apparatus

Extra Hepatic Biliary Apparatus

How To Calculate and Understand Analysis of Variance (ANOVA) F Test.

How To Calculate and Understand Analysis of Variance (ANOVA) F Test.

Every 15 Minutes Corcoran High School 2018

Every 15 Minutes Corcoran High School 2018

I Found Among Us SECRETS On AIRSHIP! (Early LOOK!)

I Found Among Us SECRETS On AIRSHIP! (Early LOOK!)

Traffic Secrets Book Review: A Sneak Peak At What You'll Discover Inside Of This New Book

Traffic Secrets Book Review: A Sneak Peak At What You'll Discover Inside Of This New Book

Sacrifice (Transformers: The Last Knight OST)

Sacrifice (Transformers: The Last Knight OST)

The Rise Of Chick-fil-A

The Rise Of Chick-fil-A

Edge 7th WWE Theme Song "Metalingus" (WWE Edit)

Edge 7th WWE Theme Song "Metalingus" (WWE Edit)

Letting Go of the Mind

Letting Go of the Mind

冯提莫《不醉不会》

冯提莫《不醉不会》

How Astralis are Changing the Nade Meta around CSGO

How Astralis are Changing the Nade Meta around CSGO

Personal Narrative - Introduction

Personal Narrative - Introduction

Nam Goong Min, makes a straightforward confession to Minah♥ 《Beautiful Gong Shim》 미녀 공심이 EP05

Nam Goong Min, makes a straightforward confession to Minah♥ 《Beautiful Gong Shim》 미녀 공심이 EP05

The Importance of Tech Communities in Shaping Ones Tech Career Journey with Lily Botsyoe|| S1E3

The Importance of Tech Communities in Shaping Ones Tech Career Journey with Lily Botsyoe|| S1E3

"I AM" guided meditation by Wayne Dyer

"I AM" guided meditation by Wayne Dyer

Routines | Mums Discuss with Channel Mum

Routines | Mums Discuss with Channel Mum

How to do a CRISPY Line Up | Color Enhancement Tutorial #NEW 2018

How to do a CRISPY Line Up | Color Enhancement Tutorial #NEW 2018

Nbhd Nick - Get Paid

Nbhd Nick - Get Paid

A Fireside Chat with President Green

A Fireside Chat with President Green

Testing Breathing Techniques To Calm Down

Testing Breathing Techniques To Calm Down

Lecture 9b: Functional Analysis - Normed spaces and Banach spaces

Lecture 9b: Functional Analysis - Normed spaces and Banach spaces

Incredible Wood Working Skills Of Old Carpenter

Incredible Wood Working Skills Of Old Carpenter

How to Repair a DEAD Computer

How to Repair a DEAD Computer

Best 5G Mobile Phones to Buy in India in January 2021 | 5G Phones Under 15000 in 2021 🔥

Best 5G Mobile Phones to Buy in India in January 2021 | 5G Phones Under 15000 in 2021 🔥

COOKMAS DAY 5!! CRISPY CHICKEN WING & FRIES WITH CHRIS

COOKMAS DAY 5!! CRISPY CHICKEN WING & FRIES WITH CHRIS

how to change your guitar strings

how to change your guitar strings

He was HIDING in the shadows in AMONG US with JELLY, IAMSANNA AND DINO (Roblox)

He was HIDING in the shadows in AMONG US with JELLY, IAMSANNA AND DINO (Roblox)

PEWO-form UVP2 - Economical case packer for optimum pharma' safety

PEWO-form UVP2 - Economical case packer for optimum pharma' safety

Why No One Can Break Into The Most Secure Place In The World (Fort Knox)

Why No One Can Break Into The Most Secure Place In The World (Fort Knox)

Shutter Bugged | The Ant and the Aardvark | Pink Panther and Pals

Shutter Bugged | The Ant and the Aardvark | Pink Panther and Pals

Wande Coal - Again (Audio)

Wande Coal - Again (Audio)

pre and bogs

pre and bogs

Language registers: levels of formality | alpha Lernen erklärt Englisch

Language registers: levels of formality | alpha Lernen erklärt Englisch

10 INSANE Furniture Tech Which can Blow Your MIND

10 INSANE Furniture Tech Which can Blow Your MIND

Heavy and incessant rain witnessed and enjoyed on 20/07/2013.

Heavy and incessant rain witnessed and enjoyed on 20/07/2013.

The Name of the Lord is a Strong Tower - Pastor Jason Anderson

The Name of the Lord is a Strong Tower - Pastor Jason Anderson

Ching - Steel (Official Music Video)

Ching - Steel (Official Music Video)